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or not our political system, whether the leaders can get together, whether they can solve big problems or are they just going to kick the can? if you look at the statements of the rating agencies who have questioned the fiscal soundness of this country, it's about our political system, not being willing or able, seemingly, to take on big tasks. >> the president may be confident about a larger plan but senate minority leader mitch mcconnell, one of the key lawmakers involved in negotiations says he thinks a $4 trillion deal is off the table. >> everything they've told me and the speaker is that to get a big package would require big tax increases in the middle of the economic situation that's extraordinarily difficult with 9.2% unemployment. it's a terrible idea. it's a job-killer. >> after last night's white house meeting, house minority leader nancy pelosi said democrats are still hopeful for a large bipartisan agreement as long as it does not do harm to the middle class. and aides to john boehner says the speaker now believes the cuts outlined by vice president biden's bipartisan gro
people that we can still do big things and so he will make the case to congressional leaders that we must reject the politics of least resistance and take on this critical challenge. joining us now is the senate's top republican who will be a key participant in today's talks. senator mitch mcconnell. welcome back to "fox news sunday." >> glad to be here. >> let's start with what happened and from your perspective, where do things stand now ahead of this meeting tonight at the white house. >> well, unfortunately, as the speaker said, they are insisting on the white house and congressional democrats, insisting on really big tax increases as a condition to do anything on the spending side. bret, we believe the president was right back in december when he signed a two-year extension of the current tax rates of raising taxes in the middle of this economic situation we're in is a terrible idea. i mean, just look at the unemployment figures last friday. all the arguments the president used in december still work today. there's an additional issue in addition to the unemployment at work here, it
% in the second quarter from a year ago. jpmorgan chase will be the first of the big banks to report on thursday. results from top tech player google are also expected thursday. also this week, investors will eye fresh economic data, starting with may's trade deficit on tuesday. also tuesday, minutes from the federal reserve's june meeting. wednesday, fed chairman ben bernanke delivers his biannual testimony to congress. retail sales and june's producer price index comes out thursday. and june's consumer price index is released friday. >>> elsewhere, precision cast parts says it has agreed to buy primus international for $900 million in cash. >>> reuters reports there's an emergency meeting in europe this morning over the debt crisis. they're now possibly spreading to italy. the region's third largest economy. friday italian stocks and bonds tumbled in a massive sell-off. >>> and finally, according to a new survey of college students and graduates, health insurance is the new love potion. 90% of surveyed students and 93% of recent grads said knowing a potential partner has health insurance would
at losses, big concerns over the solver debt crisis. report in a german newspaper is speculating that england may have to be included the bailout. so the european debt crisis is extending beyond grease, portugal and ireland and potentially italy. this is where we're looking at the european stock markets. off by more than 1% with the paris cac. reasons do with the greek debt crisis. a move away from the partial default. london ftse where banks are affected but not quite so badly as in germany and france up by about quarter of a percent and the losses are 2/3 of a percent for the seger smi. we'll have more of that coming up. >>> in terms of the currency markets, here we are, the main story here is that the euro remains under severe pressure, and i think that currency traders are talking in terms of the picture we've seen in recent weeks on the dollar coming to an end and that the dollar will remain in these kind of circumstances the safe haven currency. so looking at 1.5967. again, the pound under a lot of pressure. the euro, 1.4153 and 80.72. remarket stability for the yen dlafrmt
's analysis. labor big boss says the election season features sometimes a delusional president. if you think our president has problems check out his counterpart in iran. live from the studio in washington, this is "special report." good evening. i'm bret baier. we begin with washington's version of the irresistible force versus the unmovable object. president obama today said there will be no agreement on the debt ceiling if republicans don't budge on taxes. house speaker john boehner responded by saying that the house cannot pass a tax increase. the two sides met for another round of negotiations. white house correspondent mike emanuel has the latest. plus word of something that was apparently on the table for a while. >> trying to reach a grand debt deal, the sources say president obama offered to raise the medicare eligibility age from 65 to 67. there was also discussion of moving to actuarial tables deciding age eligibility rather than congress setting it. sources say there was no agreement because it was part of a package deal that mr. obama insisted also include increased tax revenues
, hopes to score big in santa clara. why champ, hopes to score big in santa clara. why his star power may not be enough.. to seal a stadium deal. traffic ad libs president obama will hold a news conference this morning... as he ,,,,,,,,,,,,,, i know you're worried about making your savings last and having enough income when you retire. that's why i'm here -- to help come up with a plan and get you on the right path. i have more than a thousand fidelity experts working with me so that i can work one-on-one with you. it's your green line. but i'll be there every step of the way. call or come in and talk with us today. [ male announcer ] introducing icy hot naturals with natural menthol. it's gets icy to dull pain, hot to relax it away fast. new icy hot naturals. conference this morning... as he and congressional leaders continue to haggle, about how to cut the federal deficit and raise the debt limit. a rare sunday night meeting at the white house ended with little progress. republicans are rejecting the president's four trillion dollar deficit reduction proposal because it includes tax hik
the table. >> to get a big package would require a big tax increase in the middle of the economic situation that's extraordinarily difficult with 9.2% unemployment. it's a terrible idea. it's a job-killer. >> reporter: on sin's "meet the press," treasury secretary tim geithner said failing to reach a deal would be catastrophic. >> we need to do something substantial to bring our long term deficit down over time. >> reporter: the stakes high as the two sides try again today. so, the president will be answering questions at a press conference scheduled for 11 a.m. eastern time this morning. he'll then meet with congressional leaders this afternoon. he's asked republicans to bring specifics for their plan. >> thanks so much. a reminder for you, we'll have live coverage of the president's news conference beginning at 11 a.m. eastern time right here on msnbc. the place for politics. >>> officials at nasa are closely monitoring a piece of so-called space junk, which is on a potential collision course with the space shuttle "atlantis" and the international space station. nasa estimates that the ob
not be willing or able to, seemingly, take on big tasks. >> that happened all this week. kristin is live at the white house. a lot of talk. we're one day closer to that deadline. what can we expect to hear from the president in the next hour? >> hi there, richard. we expect the president to continue to push to get a big deal. what's a big deal? about $4 trillion in deaf sigz reductions over the next decade. at the end of last week, it looked like he and speaker boehner were moving towards the same page in terms of trying to get a big deal. that fell apart over the weekend. so we expect the president to resume calls for a big deal to say now is the time to seize the moment. there will be political pain on both sides. what he means by that is the democrats will have to come to the table over entitlements, making small changes to things like social security and medicare and the republicans will need to come to the table in terms of rolling back tax break for wealthy corporations and americans. as you said, richard, he's going to hammer this point that they will continue to work until they g
, no. now's the time to go big. get thing done for good. here he was, the president just this morning. >> i will not sign a 30 day or a 60 day or a 90-day extension. that's not an septemberabaccept approach. if it's hard now, how are the guys going to be thinking six months from now in the middle of an election season when they're all up. it's not going to get easier, it's going to get harder. we might as well do it now. pull off the band aid, eat our peas. now's the time to do it. if not now, when? >> brianna at the white house. bring us up to date. are the high stakes talks happening right this very second? >> as we understand it, brooke, these meetings continue here at the white house. president obama with top democrats and republicans in congress. you heard the tone that the president was striking there, like a parent trying to get two kids to share. he's been saying he's bending over backwards, giving up a lot and republicans are not. of course, that is his side of the story. if you were to think of him, he has a favorite child in all of this, right? the democrats. that's his par
house correspondent, and from cnn money. go big or go home. what is the republican push back? >> reporter: we're going to be finding out very shortly because house speaker john boehner will take to the cameras at 1:30 eastern essentially in the rebuttal to the news conference from the president earlier today. but the push back for republicans has been tax increases. you have republicans who have insisted on no tax increases, and democrats that insisted if there will be spending cuts, to achieve trillions of dollars in deficit savings. they don't want to abandon -- if there are going to be cuts to programs that are huge, they want to be able to say we pushed for sacrifices from wealthy americans and corporations. they are trying to strike kind of a just right agreement. because on one hand, you have a lot of republicans, and many of them who were swept into power in the last election saying we're going to cut spending and make government smaller, so the idea of tax increases, and certainly this is something a lot of them literally pledged they will not do, randi, it would forc
with the big debt talk. congressional leadering returning to the table this morning, after the grand bargain broke down last saturday and a tense 75-minute meeting last night failed to move negotiations forward. at 11:00 this morning, the president will hold a news conference to press publicly for his big deal. yesterday, his top economic adviser said the u.s. is out of options. >> we make 80 million checks a month to americans, 55 million people on social security benefits, millions more americans on veterans benefits, medicare, medicaid. people who supply our troops in combat. on august 2nd, we're left with cash on hand and the cash we take in. there is no credible way to give congress more time. there's no constitutional option, there's no delay option, there's no creative financial option. they have to act by the 2nd. >> no constitutional option, 14th amendment, off the table. here's what we know, debt talks appear to be at an impasse and here's why. the president is still pushing a big deal. democrats say the fallback plan, this $2 trillion plus package that was partially negotiated in
economic soundness to this country. that take as big deal. a lot of pain. democrats are upset the president talked about pain on their side of the ail and republicans are saying no way will we give tax relief to middle income americans. they want to continue tax relief to the wealthy. everyone agrees a number around $4 trillion will make a serious debt on our deficit. it will send a statement to the world that the u.s. has gotten ahold of their fiscal problems and they are moving forward. it will give confidence to the american people that we can move forward to bring economic soundness. that's the president's commitment. >> 6:00 on the east coast. welcome to "morning joe." look at that nice live look at times square. joe is looking spify today. he went shopping. it is monday, july 11th. >> i don't know what that means. >> we have msnbc -- well, yes. this is unusual. we have msnbc contributor mike barnicle, john heilemann. what's so funny? >> yeah, what's so funny? i don't get it. he's back. >> we can't get him to leave. we have "morning joe" economic analyst steve rattner and in washington
much progress towards getting a deal done. so we'll have to see if anything big came out of this meeting. what we can tell you is the backdrop is dwindling hope for getting a big deal done. as you said, president obama was pushing for a big deal, especially at the end of last week. somewhere in the neighborhood of $4 trillion in deficit reductions over the next ten year. it looked like at the end of last week, at least, speaker boehner was trying to get on that same page. it would have involved coming to the table over entitlement reforms, ib vochled republicans coming to the table over rolling back tax credits for wealthy americans and big corporation, but then over the weekend, speaker bain boehner wouldn't be able to support a big deal. they are discussing as you said a deal half the size. somewhere in the neighborhood of $2 trillion to $3 trillion in cuts. we expect eric cantor to have come to this meeting with their proposal. we expect that's what they were discussing during this meeting. we'll let you know exactly what happened once we find out. the president earlie
to meet the woman she saved. >> i probably give her a big hug and just say that i'm sorry that it took so long. i'm glad that her and her kids are okay. >> the officer has gotten a call from jaycee dugard's mother says not a day goes by that they don't thank them for what they did. >> some of the neighbors watched the interview with mixed emotions last night. they say they are horrified to hear what went on for so long but they are amazed at her strength and her recovery she is making from her ordeal. >> she has given strength to people in that similar situation and strived to make the best. >> she is very, very brave. >> they pleaded guilty to kidnapping and sex charges last month. she was sentenced to life in prison and nancy is serving 36 years to life. >>> now to the latest on seven missing northern california men in the gulf of california. within hours divers could start searching for them. a navy deep water team from hawaii is due to explore the wreckage of the erik that flu now on the sea floor. they will be looking to see if any of the missing men are still on the boat. meanwhile,
:it's an empty lot with big plans, the proposed stadium in santa clara, it's supposed to break ground next year costing hundreds of millions of dollars and while the funding isn't secured, plans are being made for the land across the street. plans welcome as big as the man behind him. joe montana, he wants to build a complex including hotel, sports bar and restaurant. >> the proposal looks good and it's going to be up to the counsel to decide how we negotiate. >> reporter:he wasn't available to speak with us today, he was expected at the meeting on tuesday to ask that the city negotiate only with his group for the next year and a half. >> in the normal course of things, the city would put out a request for proposals with and entertain whatever comes back to us. >> reporter:now the counsel is considering swerving that norm. >> he's joe montana, pretty much. >> reporter:it's not a bad idea. >> joe montana can probably just by name bring jobs and revenue to the bay area. >> i think he certainly should have first shot. he's done a lot for the community. i think he has class and style and he'll brin
of winning back the house, they don't want to go there. republicans have a big flank of new members elected on a pledge of no new taxes. nobody is dealing with reality. anybody on this panel, two of us could make a deal, but they cannot. >> why can they not make a deal, charles? >> you saw it in the clip you showed. nancy pelosi is the classic definition of a reaction. liberal. no changes in programs, entitlements. -- classic definition of a reactionary at liberal. no genocide programs, entitlements. if you all make -- note changes in programs, entitlements. if you don't make changes, he will wreck the economy, and everybody over the age of nine knows that. is that they are not willing to means test -- if they are not willing to means test entitlements, which you think and liberal alike, who always argue in terms of sharing the sacrifice and the rich bearing the burden, nothing will happen. >> colby? >> you just had exhibit number one of why they have not been able to reach a deal, as my friend charles expressed. if you start out with nancy pelosi and the position of republicans on tax incr
. he came to do big things. >> it should be a very busy monday for the president. he is expected to hold a press conference in the morning and resumed negotiations with congressional leaders. >>> for instant updates log on to our website wjla.com. >>> fighter jets intercepted three planes this weekend for getting too close to camp david. the president was at the retreat when two of the incidents happened. kris van cleave is live with why the air space is so difficult to navigate. >> it is a short flight to camp david. take a look at this map. theyse gray areas off limits. up here is camp david. this circle, closed airspace. when the president is here, see how much bigger the area get? this is where the planes were this weekend. >> when you fly toward hagerstown, you have to be careful. >> before he took off for ocean city he was sure to double check the air space near camp david. >> mistakes happen, and there is a lot of restricted airspace and you have to stay on top of that. >> there have been mistakes this weekend. fighters were sent to escort three different planes of restric
pick up again on monday. >> the good news is we agree on some of the big things. >> reporter: president obama thought he and house speaker john boehner had an agreement to target $4 trillion in cuts. but saturday evening, the speaker abandoned that plan, saying it was just too ambitious, and couldn't pass. >> to get a big package would require a big tax increases in the middle of an economic situation that is extraordinarily difficult with 9.2% unemployment. it's a terrible idea. it's a job killer. >> reporter: democrats want to close some tax loopholes to offset the cuts. >> what is really appalling is to see our republican colleagues essentially providing a form of extortion. if you don't agree to deficit reduction the way we want it, we're going to put all these jobs at risk. >> reporter: uncle sam's credit rating may be at risk if congress fails to act soon. >> and if that happens, you're going to see catastrophic damage across the american economy and across the global economy. >> reporter: a critical meeting bringing together political leaders who remain far apart. brian mooar, nb
-aid. >> when it comes to the deficit president obama says we have to think big. >> now is the time to deal with these issues. if not now, when? >> he doesn't want a temporary deal to raise the debt limit, he wants big deal. democrats say house speaker agreed to put them on the table will letting the tax cuts expire. >> unfortunately over the weekend speaker boehner says i can't deliver. i can't produce on my side. >> the sticking pointed. republicans were note on board for raising revenue. >> we're not going to raise taxes in the middle of this horrible economic situation. >> what is recently appalling is our republican colleagues do extortion. >> the deal so law can written before august 2nd. that is when the government is slated to run out of money mark go the first time that the u.s. government has ever defaulted on their debt. credit agencies will downgrade the u.s. credit rating. >> social security checks and military paychecks and stock market tanks and all that stifles the economy and leads to massive layoffs. >>> sis could confirms they will be laying off employees next month. they
and the speaker is that to get a big package would require big tax increases in the middle of an economic situation that's extraordinarily difficult with 9.2% unemployment. we think it's a terrible idea. it's a job killer. >> reporter: aides say house speaker john boehner called president obama saturday night and told him republicans would push for a smaller debt deal, just enough to cut about $2 trillion over 10 years and increase the debt ceiling by about that much. republicans say democrats' insistence on tax increases have forced them to call for a smaller deal. the administration calls that strategy insufficient. >> we need to do something very substantial to bring our long term deficits down over time in a way that's good for the economy so we give more support to the economy still healing. >> reporter: even if these negotiators strike a deal, they still have to sell it. democrats and republicans are pushing their leaders to stand their ground. rich edson, fox business. >> joining me now with more on the progress of these debt negotiations, maryland congressman chris van holland who
a big enough presence for the obama administration for him to fight. i did not mean it as an insult to him or to the senate. even in the world's greatest chamber, these interchangeable. >> in a world where are squashes are limited, the survivors and the the dead appeared >> i think that is true. >> what the declaration is about is how virtually every aspect of our lives we are seeing greater individualization and personalization. personalization. but is our very identity. in politics, we are still stuck between dr. jekyll and mr. hyde. it is the wolf man versus frankenstein. who is really going to get fired up? these are shorthand for the incredible narrow range of things we actually have for. >> these are all leaders. mitch mcconnell has only been in the senate for 26 years. it feels like a sentry. did you write that? >> i think that will play my coat off their masks welch on that one. we are not trying to make light of politics. politics is important. there are things worth fighting over. far to the problem we have is that people have tribal loyalties to team blew and team read. -
very big, very substantial to bring our long-term deficits down over time. we have to do that in a way that's good for the economy for more support because the economy is healing from the recession. it's going to require both sides to compromise. president's bringing leaders together again at the white house this evening to try to figure out how to move forward. >> what's he actually saying? because you're hearing boehner saying they're demanding tax increases, we're not going to do that. they've also said you were pedalling a bid on whether to cut entitlement programs like medicare or social security. what's the fact? >> that latter thing is not true. the president is standing tough. he is willing to do very, very difficult things. >> like what? on medicare? >> like getting substantial savings from the budget, across the budget. defense, the rest of government, even medicare/medicaid over the long term, there are things we can do responsibly to save money in those programs and we have to do that to bring the deficits under control. but to do that, we have to have some shared sacrifice
, but for the entire global economy. because the u.s. is such a big player. >> reporter: the white house says making a deal by the end of the week is crucial in order to meet that august 2nd deadline. now, should the nation reach that debt ceiling, the consequences could be devastating. it -- the brunt being felt by everything from businesses, wall street, financial markets would feel that, so would we, right down to individual households, all interest rates would go up, so it really would result in any sector of the economy. not anyone is talking about that being an actual outcome, that's the good news. >> let me ask you about that, all we hear publicly is how they are not compromising, are you hearing anything privately there is a sense of compromise down the road. >> we're sensing there is a true determination to come to an agreement on this deal because there is no alternative. no, these sides are not going to let that happen, they are not going to let the country go into default on its loans for the first time in history. every single person we are hearing from believes there will be a deal bec
ceiling, 55% of moderates say raise it. bob, we have two big news stories facing us. the unemployment rate going up to 9.2%. the united states facing a debt crisis. maybe not reaching the debt ceiling bill by the end of this month. the republicans are using the jobless figures to say no taxes whatsoever. they're also saying no deal. have they misread the american public? >> this is a moment when obama has to deliver. there's no question. on the economic front, if there is a default, we face a catastrophe. the talk -- one of the plans being discussed, which is the c.e.o. told me being discussed in the white house is they got that. i mean, the theme is postponement. the republicans in a sense are right. you can't raise taxes when the economy is so slow. the democrats are right. you can't cut spending when the economy is in this condition. so what do you do? postpone. what they say is, instead of a 12-year plan, maybe even a 15-year plan, and the key word here -- you'll love this -- feathering in. you feather in the pain so there actually are no real cuts, no revenue enhancements, as they cal
for john boehner, i think boehner was exactly right, his instincts were let's get a big deal, the problem is he couldn't sell it to his caucus dominated by tea party who consider themselves patriots, but this -- >> six months ago you heard bill talking about it with stuart varney, said we shouldn't be raising taxes in a down economy. andrea. >> he's absolutely right. these crazy tea partiers that bob loves to blast every chance he gets have the same position that president obama essentially had in 2006 when he said we shouldn't vote to raise the debt ceiling and if we did it would be irresponsible so the president, big political issues on the line but i agree with bob in one respect, john boehner has real trouble within his conference. there are members of the gop caucus that have come out and said we're not voting for any kind of deal as long as it includes raising the debt ceiling so boehner does have to work with democrats. big challenges on both sides. heather: democrats bob certainly have a problem, a lot of them are saying no cuts to social security, no cuts to medicare, no cuts to
and increase the nations borrowing limit. >> everything they have told me and the speaker is to get a big package would require big tax increases in the middle of an economic situation extraordinarily difficult 9.2% unemployment. it is a job killer. >> we need to do something very big, substantial to bring long term debt down overtime we have to do that in a way that is good for the economy. >> reporter: of course there is a difference in opinion what is exactly good for the economy, house speaker john boehner said look the republicans are not going to agree on any package that includes any increases in taxes therefore the republican package is $2 trillion where as the deal the president has been pushing is a $4 trillion deal we should learn more at the press conference scheduled here at the white house 11:00 a.m. >>> three small planes in three separate incidents had to be intercepted by fighter jets this weekend each plane flew too close to camp david. the first around noon saturday another later that night the third happened late yesterday morning in every case the planes landed withou
, welcome to "the early show" here on a monday morning. i'm chris wragge. >> and i'm erica hill. >> big sports news this weekend. >> huge. >> you had to seeing it, everybody is talking about it. women's world cup soccer, after one of the most thrilling girls in the history of soccer, penalty kicks, ally krieger. tied up. everyone saying lights out, it's over, they're going over. they tie it up, shoot-out they take it 5-2 over brazil and now in the semifinals. >> they're going to meet france on twewednesday. just fantastic to watch. i love watching the players, how excited they are. brazil no joke when it comes to soccer. >> 12 years to the day after brandy chastain the shirt -- you remember that. >> i do. i do. >>> first we want to touch on yes, the debt ceiling. starting to sound like a broken record. the deadline is looming for raising the debt ceiling. there were more talks at the white house on sunday. still no resolution. president obama told lawmakers be prepared to meet again today and every day until a deal is reached. cbs news senior white house correspondent bill plante has th
was just a time- passer and he wasn't even a big enough presence for the obama administration to fight for him to be their secretary of health and human services. i don't necessarily mean it as an insult to him or to the senate but let's face it, most of our elected officials even in the world's greatest deliberative chamber are interchangeable. >> you wrote this. "in a world where our choices aren't limited to john boehner and nancy pelosi, the survivors envy the dead." >> yes, i think that's true. >> and explain that? >> what "the declaration of independents" is about is how throughout virtually every aspect of our lives we are seeing greater individualization, personalization, the ability to mongrelize and hybridize our lives and our enjoyments and our very identities, and yet in politics we are still stuck between dr. jekyll and mr. hyde it's the wolf man versus frankenstein. who is really going to get fired up over nancy pelosi on the one hand or john boehner on the other. they are proxies or short-hands for the incredibly narrow range of choice that we actually have in elected of
. the big task in outer space is moving a 12-ton module into place. it's 6:00 and a summer like day's start. sharon has problems on the pavement and marty has the weather. >> well, shuttle wakeup music will be over in a few days. there's your impact in your neighborhood. we'll point that out. it will be a sunny, hot one. it's the middle of july, it's supposed to be this way. mid-70s now and on the way to 94. the normal is 88. it is what it is. it will be getting hotter tomorrow. we'll be closer to a hundred. we'll talk about that shortly. >>> if you have a ton and a half module to move around, here's sharon gibala. >>> well, you shouldn't have too many problems at this hour. we have just a few minor issues. that's on chesterfield at hawkins road. one lane is blocked there. everything's running at full speed. the top and the westsides are looking good. no issues out there on the westside. that's at old court road. the eastside is looking nice. especially with the sunrise. traveling downtown, they started construction for the grand prix on light street between key highway and pratt street. re
cool off a little bit. the weather is triggering a big line of thunderstorms approaching western maryland. this is associated with a cluster and as you can see, is tracking south-southeast. it is possible the main batch of storms will drops out and head into west virginia and avoid our region. it looks like we will be on the eastern french -- eastern fringe. probably will i get here until tomorrow evening. we will talk about heat relief in your seven-day forecast coming up. >> pull off a band-aid quickly. president obama urged lawmakers to just do it. he said it agreed to a deal to extend the debt ceiling and bought to default. republicans say no. >> with three weeks ago, president obama said a compromise to avoid a federal default is being blocked by republicans. >> i do not see a path to a deal of they don't budge. >> as talks today began, republicans would not budge on taxes. the speaker has learned a lesson. one key party freshmen will vote no on a tax hike. >> i believe we have a debt crisis not a debt ceiling vote crisis. >> it tax rate stood not rise -- >> the american peo
september 12th of this year. with big crowds expected, reservations are needed. you can do it online. >>> nasa wants to remind us the heads up on the low-flying air pollution monitoring flights. there will be a few between the beltway and baltimore. expect to see the planes flying low between 11:00 a.m. and 7:00 p.m. >> also today, we expect to hear from president obama on the tense negotiations over the federal debt ceiling. >> the clock is ticking and bipartisan talks this weekend ended with no deal. >> surae chinn is live on capitol hill with an important story that affects every single one of us. surae? >> well, andrea, mike, the deadline is looming. anxiety on capitol hill. anxiety at the white house. the president will be speaking later on today at a press conference this morning. late last night at the white house, the president met with congressional leaders to hammer out a deal to lower the nation's deficit. they met for about an hour and a half. the president trying to push his plan to raise the $14.3 trillion and cut $4 trillion in spending in cuts to healthcare and social
and democrats appear to be far apart. the big sticking point is taxes. the president says any agreement must include revenue increases but republicans are fiercely opposed. >> to get a big package would require a big tax increases in the middle of an economic situation that's extraordinarily difficult with 9.2% unemployment. we think it's a terrible idea. it's a job killer. >> if no deal is reached by august 2, the u.s. may not be able to borrow money to keep the government running and could default on its massive loans. >> if they don't act we face cats troverric damage to the american economy. >> some republicans favor cutting spending by $2 trillion. they use the obama administration of scare tactics claiming the u.s. has the money. it will not default and that there is no reason to panic. >> both sides are scheduled to meet again later today. >>> two years after being rescued from her kidnappers, jaycee dugard talks about her time in captivity in a television interview. >> her nightmare began in 1991 when she was snatched from a school bus stop by a couple at the age of eleven. she was h
big time and temperature will go up tomorrow we want to give you an early warning we think tomorrow will be hotter than today. pools will sure be busy, check out dupont circle the thermometer saying 101 degrees we will be real close again tomorrow this is the kind of heat once again where you have to protect yourself and we do have a head advisory issued for tomorrow for triple digit heat. where are we now temperature 93 degrees, i do believe that we did get to about 94 degrees let's get this in motion for you so you can see it, look down to our south, 95 fredericks burg, a little bit of relief if you are near water today but when you factor in humidity, really off the charts feels like 116 degrees fredericks burg these are crazy numbers, 104 dc for the heat index, 105 monassis and 100 in annapolis. i mentioned the heat advisory it does not include far northern and western areas you may get a cloud deck and thunderstorms and speaking of thunderstorms, over to true view because we have a big complex of storms, that tracks through chicago causing 600,000 power outage, we have a severe
, hi, there, thomas. it seemed like forget hope for getting a big deal done in the arena of $4 tril john lion in tt decade was dwindling, but republicans would not accept a deal that big and they wanted $2 trillion over the next decade, but as you mentioned president obama came out today swinging, upping the ante saying he does indeed want a big deal done and if not now, when? and he essentially tried to assume the position of the adult in the room calling on the lawmakers to rip off the band-aids and eat the peas and call to action for democrats and republicans and calling the democrats to come to the table for entitlement reforms, and the republicans for rolling back the tax breaks for wealthy americans and big corporations, and it seemed like at the last of last week, the president and the speaker boehner may have been moving in the same direction, but then speaker boehner said we cannot support anything that looks like a tax increase. and so the president addressed that in his conversation today, and he said that any tax brea increases would not take effect immediately. >> when
that would have included up to a trillion dollars in new revenue. it seems like the republicans talk a big game about solving the nation's problem. but they are really only interested in one thing, that's winning back the white house. mitch mcconnell said this on fox news. >> the most important thing we want to achieve is for president obama to be a one-term president. >> that is true. that's my single most important political goal along with every active republican in the country. >> joining me now, is the independent senator from vermont, senator bernie sanders. senator, thank you for being here tonight. how do you explain the republicans unwillingness to compromise to get the big deal that they said they wanted, to put everything on the table. the president said fine now they back down. >> what they said is they would like everything on the table. so long as it means cuts to social security, medicare, medicaid, the needs of our children, and the environment. all of that is on the table. but if you asked billion airs it start paying a little bit more in taxes or if you do away with loop
that would have reduced spending by $4 trillion over the next decade. but if mr. boehner wanted to do a big deal, the majority leader eric cantor threw cold water all over it saying that the congressional republicans would reject any revenue increases as part of the deal. as for the president, he said that he is willing to take political hits from his own party, but not at the expense of struggling americans. >> i am prepared to take on significant heat from my party to get something done. i expect the other side should be willing to do the same thing if we are going to actually solve the problem, there are finite number of ways to do it. if you don't have revenues, it means you are putting more of a burden on the people who can least afford it. that's not fair. >> nbc's kristen welker is live at the white house. kristen, the president spoke about his willingness to take in his words significant heat from his own party in reaching a compromise, and he was clearly suggesting that the republicans must do the same, but will they? >> well, it is an interesting question at this point the two sid
that size. >> that would require big tax increases and it's a job killer as it is. >> he did not come to this town to do little things. he came to do big things. >> it should be a busy monday. the president will hold a press conference on monday morning and resume negotiations with congressional leaders. jay korff, abc 7 news. >for>> for updates log on to our web site, wjla.com. >>> following a developing story. above camp david, fighter jets intercepted three small planes on the weekend for flying too close to the presidential retreat. it does not appear that the incidents are linked. investigators believe the pilots were likely inexperienced or not from the area. >> if you get your pre-flight briefing and have your charts and everything, it should not happen. >> president obama was at camp david when two of the incidents happened. the fighter jets were dispatched because the small planes or out of radio communication. the planes landed without incident. >>> a crash killed a woman in haymarket, virginia, sunday afternoon on james madison high way. the dodge caravan collided wisps of
says a smaller package of about $2 trillion is more realistic. >> yes it's a big package will require big tax increases. it's a job killer. >> when asked whether or not he thought that they could reach a deal in the next 10 days, the president said "we have to." his press conference is scheduled for later this morning. reporting live on capitol hill, abc 7 news. >> thanks very much. jim moran wants to hear your ideas on how to reduce the national debt. the northern virginia democrat and the nonpartisan coalition are hosting an event in arlington tonight. participants will look at budget priorities and see how they will be affected by the various proposals. and it is 6:06. we have 73 degrees on this monday. >> and when "good morning washington" returns, albert haynesworth's sexual assault case heads back to court. we'll tell you what's next for the controversial redskins player. plus, safety concerns mount after the casey anthony verdict and sentencing. what's being done at the memorial to the florida mother's young daughter, caylee? >> but
. arrested and convicted. and now doing big time for that murder. i'm pat collins. news4, bladensburg. >>> the suspect in that case is being held without bond. >>> if you stepped outside this afternoon, you know the summer heat is here. and it's here to stay for a while. doug is outside in the thick of it with a look at what's happening out there right now. hey, doug. >> reporter: hi, dorene. you mentioned the thick of it. that is for sure. we are dealing with a heat index right now of 106 degrees. it is a hot day outside across our area. 93 degrees, the current temperature. but there's that heat index of 106 with a dew point in the upper 70s, that makes things very oppressive. winds at 17 miles per hour. that breeze does help a little bit. now, temperatures around the rest of the region sitting at 93 in frederick, 93 in sterling. 95 in fredericksburg of the but once again, here's the heat index across our region. 100 in frederick. but look to the south. fredericksburg, the heat index there, 116. 103 in clinton and towards winchester where right now we have a severe thunderstorm watch
. >>> plus, a warning to parents. backyard trampolines are becoming very popular but they also come with big safety concerns. coming up, one family shares their cautionary story. >>> we're going to meet a newborn so big doctors have already given him a nickname, the moose. at more than 16 pounds, jamichael brown could be the largest baby ever born in texas. everything is bigger in texas. he's going to join us along with his proud parents. >>> let's begin this morning with our top story. the debt ceiling standoff in washington. kristen, good morning. >> good morning to you, ann. president obama met with congressional leaders on sunday to try to get a deal done. that didn't happen. in fact, one official with knowledge of the discussion tells me it was a bit tense. lawmakers are hoping to get a deal done within the next ten days so it can be processed by that august 2nd deadline. their ties were off but the heat was on as the president and congressional leaders met sunday for a second time in less than a week to try to salvage the deal to raise the debt limit. when a reporter asked if a deal co
'll keep a close eye on baby jamichael, a big kid. that's it for me on "wake-up call." "american morning" begins right now. >> good morning to you. i'm kiran chetry. a lot going on. let's get you caught up. the end of the line for the "news of the world." the british tabloid shutting down after sunday's edition after new reports that the paper reportedly tried to hack the phones of 9/11 victims. >>> a deal to raise america's debt ceiling still out of reach. talks continue today with the president warning we have ten days left to get an agreement or risk default on this "american morning." >>> and good monday morning to you. start of another week here on "american morning." it is july 11th. nice to see you back. >> great to see you. >> the shuttle went off on the first try. >> i couldn't believe it. we were all thinking the weather was horrible but it went off. can't get the three of us together a whole lot. christine is off. >> summer vacation. >> no deal on raising the debt ceiling. last night talks at the white house fizzled out. president obama making it clear with 23 days to go befor
appear to be far apart. the big sticking point is taxes. the president says any agreement must include revenue increases but republicans are fiercely opposed. >> to get a big package would require a big tax increases in the middle of the economic situation that is extraordinarily difficult with 9.2% unemployment. it is a terrible idea. it is a job killer. >> reporter: if no deal is reached by the august 2nd deadline, the u.s. may not be able to borrow money to keep the government running and could default on its massive loans. >> if they don't act, then we face catastrophic damage to the american economy. >> some republicans favor cutting spending by $2 trillion. they accuse the obama administration of scare tactics, claiming the u.s. has the money. it will not default and that there is no reason to panic. tara mergener, for cbs news, the white house. >>> both sides are scheduled to meet later today. >>> well, the national debt may be a topic that many americans are glossing over. but it affects each of us. surae chinn wanted to know if you knew what the consequences are if no deal is
to the deficit president obama says we have to think big. >> now is the time to deal with these issues. if not now, when? >> he doesn't want a temporary deal to raise the debt limit, he wants big deal. democrats say house speaker agreed to put them on the table will letting the tax cuts expire. >> unfortunately over the weekend speaker boehner says i can't deliver. i can't produce on my side. >> the sticking pointed. republicans were note on board for raising revenue. >> we're not going to raise taxes in the middle of this horrible economic situation. >> what is recently appalling is our republican colleagues do extortion. >> the deal so law can written before august 2nd. that is when the government is slated to run out of money mark go the first time that the u.s. government has ever defaulted on their debt. credit agencies will downgrade the u.s. credit rating. >> social security checks and military paychecks and stock market tanks and all that stifles the economy and leads to massive layoffs. >>> sis could confirms they will be laying off employees next month. they will lay on off 3
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